Marubeni acquires interest in a wind energy facility in the US owned by EDF Renewable Energy

Upon completion of this transaction, Marubeni’s total generation capacity, worldwide, will be 30,091MW (gross) and 8,938MW (net).

Marubeni Corporation (“Marubeni”) is pleased to announce that it has completed a transaction to acquire an economic interest in a wind power generation project owned by EDF Renewable Energy,  a renewable energy company in the North American market owned by the French utility, Electricité de France (“EDF”).

Marubeni promotes various renewable energy business backed by the increase of global need for low-carbon power sources. In the wind power generation field, Marubeni is involved in a wide range of business such as project development, experimental study activity, investment in onshore/offshore wind power generation projects and transmission and distribution business, etc in domestic and overseas market.

Lakefield Project will be Marubeni’s second wind power project investment in the North American market, next to the Raleigh Wind Energy Centre Project in Ontario, Canada where Marubeni joined in 2010.

EDF Renewable Energy is one of the largest renewable energy players in the U.S. market and owns more than 1,400 MW of renewable power generation assets and more than 6,000MW of O&M service contracts through its affiliate company, EDF Renewable Services. EDF is a global leader in the utility industry and Marubeni will leverage this transaction and pursue its business opportunities with both in North America and other regions.

http://www.marubeni.com/